In Hættuspil (or Danger Game) the player takes on the role of a young person and his or her object is to collect the 25 points needed to win. Collecting points is done by buying items according to each person's interests. The points can be lost as well, for example if the player gets a drug card.

The game was designed and published by the founders of CCP to finance the beginning of their EVE Online project.

According to the manual of the 2013 re-release, Danger Game was developed in collaboration with Iceland's Alcoholics Anonymous group to teach children the inherent dangers of drinking and drug use.

The game's original box art features a man, actor Jón Gnarr Kristinsson, dressed as a woman. Years later, Jón Gnarr (as he has legally changed his name to now) would become mayor of Iceland's capitol city Reykjavík. When developer CCP considered re-releasing Danger Game as part of an anniversary box set for EVE Online, it approached the former model and mayor to reprise his role as the damsel on the cover. Gnarr agreed and appears on the reissued game's art.